What are the benefits of Coddan setting up a limited liability partnership for you in Manchester?

What are the benefits of Coddan setting up a limited liability partnership for you in Manchester? The benefits of a limited liability partnership set-up in Manchester are that, not only does this business structure give its members the same protection as that of a limited company, but also it offers numerous tax advantages and additional business benefits.

Unlike other company structures available in the North West city, a limited liability partnership is an independent corporate entity that shoulders the burden of any debts, meaning its members don't have to worry. However, despite this fundamental difference a limited liability partnership is still capable of functioning as if it was set up conventionally as a limited company.

This means that a limited liability partnership in Manchester can re-sell, hold and trade shares and other interests in individual companies. It can also sign contracts while its members enjoy lesser liability, which means their own assets are protected if any debts should unfortunately arise.

At Coddan Ltd, our experienced team of experts, who are well versed in limited liability partnership set-up, can help you create a limited liability partnership in Manchester in less than six hours. The members of the team have all the expertise necessary to incorporate your limited liability partnership in the North West city, while ensuring you receive a service that will benefit your clients and your business in the longer term. With Coddan, setting-up of a limited liability partnership in Manchester is simple.

LLP registration in Manchester is a useful structure for a business where one partner, for instance, is not actively involved in the operation's day-to-day running. Unlike general or limited partnerships, the limited liability partnership takes responsibility for the actions of each member. In other words, it isn't possible for any individual member to be held jointly or individually liable for any or all of the other member's actions.

The structure and benefits of a limited liability partnerships have proved to be suitable and as a result popular for a wide variety of businesses but are particularly suited to businesses involved in property - for example, property investment funds, building firms, private equity management businesses and professional service companies.